Determining and assessing a borrower's contingent liabilities is an important step in the lending process, and one that many bankers do not fully understand. This webinar reviews the various types of contingent liabilities and the three lines of defense.
A contingent liability is a potential liability...it depends on a future event occurring or not occurring. Bankers must fully vet the adverse consequences of contingent liabilities to the financial condition of a borrower/guarantor/owner because of the risks of a potential problem loan and/or diminished support for a borrowing business or real estate project/property.
This program starts with reviewing the various types of contingent liabilities and why they are important. We then look at three "lines of defense" for determining and assessing contingent liabilities.
Lines of Defense:
3. Understanding all related parties and the business balance sheet items among the parties
Who Should Attend?
Commercial and business lenders, community bank lenders, private bankers, credit analysts and portfolio managers, credit officers, loan review specialists and others involved in the consumer and commercial lending process.
If you are having issues with registering online, please contact CBAO's Education & Training Coordinator, Lianne Simeone, (614) 610-1877.